Washington Money Transmitter License
Who Requires a Money Transmitter License in Washingon? Every money transmitter business in Washington has to be licensed. Once you obtain a money transmitter license in Washington, you will be authorized to conduct the following activities: Electronic money transmitting Issuing or selling of traveler’s checks Issuing or selling of money orders Bill paying Issuing and/or selling drafts Transporting Currency Issuing prepaid access/stored value Selling prepaid access/stored value Foreign currency dealing or exchanging Other – money services WA Money Transmitter Regulator The Washington State Department of Financial Institutions (DFI) examines and regulates a variety of financial institutions in the state. However, the money transmitter licensing authority in the capital is the Division of Consumer Services. ...